CREDIT CARD FIASCO - You won't believe it!

About 4 months ago I opened new bank account to manage my bipolar daughter's finances. They gave me a "complimentary" credit card with a $500.00 limit. Then a month later they reduced the limit to $350 after checking my credit report and seeing I'm under a DM program.

So I get tires (badly needed) for my car. I close out my former checking account because of PDLs, forgetting I have automatic payment for this small credit card. They charge me a return fee of $35.00 plus late fee, plus over the limit fee. I explain the situation and they back everything out. Then last week I get my statement and for 9/2 there's an over-the limit charge of $39.00. Then another one for $39.00 on 9/3.

When questioned, they advised that the interest on my account pushed me over the limit on 9/2 and since 9/3 was the new cycle date, and I was still over the limit, I got hit with another $39.00.

Know how much I was "over the limit"??? .78 cents. Yup, .78 CENTS.
They would not back out the charges - so I told them I didn't apply for their crappy card, and they could shove it.

This is why credit card companies need to be heavily regulated. Because they gouge the public and are no better than Wall Street.

Aubrey, what you experienced should be punishable by law. Credit card companies are destroying people by their tactics of outrageous fees and high interest rates. Legislation is coming soon enough.

I agree. I just couldn't believe being charged so much for being .78 cents over my limit! and I hadn't even applied for their card..... oh well, lesson learned.

is there someone I could complain to about that? I could see if it was a $100 or even $50 - but .78 cents? Unbelievable.

I would go into the bank and speak with the manager. If, you make a big enough stink, they may reduce the fees. Also, look in the fine print and see if what they charged you was correct. You can also threaten to file a complaint with your state's attorneys office and then do it if they don't remove the fees. If enough people complain about a particular company they may investigate.

You did not apply for the card, however you did use it. I am not saying what they did was correct, but it is their policy.
You did not complain or call the card crappy when you got your new tires.

another beauty.fine you made your opinon known.my day is now complete.

Such an enlightened post by unregistered guest. The very idea that what happened to aubrey is justified, really makes you wonder if there is no common sense anymore.

as long as your day is complete, i am happy. I meant no disrespect at all. I am just questioning I guess, why now all the bad stuff against the card, when the poster was happy to use it. I am a bit confused

That same bank called me to let me know I was short in my account (math error) and I covered it the same day. They could have done the same with the credit card. It's the amount of the over-limit - .78 CENTS that's outrageous to charge me $39 twice! I can't wait until the new regs on credit cards go into effect. Serves them right. I think I'll write my representatives in Washinton about this one! It's a doosie.